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    OFF-MARKET
    Office buildings

    461 Harris Rd, Ferndale, NY 12734-5132

    4,500 SF 2 ac lot Built 2007
    Entity Owned 18-yr Hold Free & Clear
    Property ID
    US63-0233780
    Property summary
    AI-generated overview

    This exceptional 4,500 square foot office building, situated on a 2-acre lot at 461 Harris Rd, Ferndale, NY, presents a compelling investment opportunity. Boasting excellent highway visibility directly on Route 17, this steel-framed structure is ideally positioned for continued success. Currently zoned IC (Industrial Commercial), the property is utilized as office space and retail, with a strong existing tenant in place. The current NNN lease generates a monthly income of $4,500 and has approximately two years remaining. The property features a paved yard with ample parking for 25 vehicles, adding significant convenience for both employees and customers. A large commercial overhead door offers versatile potential, whether as a loading dock or for future commercial vehicle storage. The building's heating system utilizes oil. This property offers a blend of immediate income and long-term growth potential, making it an attractive addition to any commercial portfolio. The strategic location and existing infrastructure provide a solid foundation for a variety of commercial uses, ensuring a strong return on investment. The substantial lot size also allows for future expansion or development opportunities. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2007
    Total area 4,500 SF
    Lot 2 ac (87,120 SF)
    Zoning code IC
    APN 483689 37.-1-39
    UPID US63-0233780
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Pestech Pest Solutions Garden Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Davidson Sullivan Realty LLC · 18 yrs held
    Davidson Sullivan Realty LLC
    since 2007
    6 recorded transactions
    2017
    2016
    2007
    2006
    $130,000
    1969
    1969
    Zoning & alternative use
    IC · Ferndale, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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